Petrotal Corp Stock Forecast
Stronger technical forecast for Petrotal Corp stock price after Tuesday trading.
(Updated on May 14, 2024)
The Petrotal Corp stock price gained 0.663% on the last trading day (Tuesday, 14th May 2024), rising from $0.588 to $0.592. During the last trading day the stock fluctuated 3.45% from a day low at $0.580 to a day high of $0.600. The price has fallen in 5 of the last 10 days but is still up by 1.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 thousand more shares were traded than the day before. In total, 220 thousand shares were bought and sold for approximately $130.18 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.584 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.91% during the next 3 months and, with a 90% probability hold a price between $0.636 and $0.691 at the end of this 3-month period.
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PTALF Signals & Forecast
The Petrotal Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.595. On a fall, the stock will find some support from the long-term average at approximately $0.592. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Petrotal Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -4.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Petrotal Corp stock
Petrotal Corp finds support from accumulated volume at $0.568 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0200 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 4.57%.
Our recommended stop-loss: $0.568 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (PTALF) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Petrotal Corp to open at $0.591, and during the day (based on 14 day Average True Range), to move between $0.567 and $0.617, which gives a possible trading interval of +/-$0.0246 (+/-4.16%) up or down from last closing price. If Petrotal Corp takes out the full calculated possible swing range there will be an estimated 8.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.592 (0.06%) than the support at $0.568 (3.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Petrotal Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Petrotal Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.197 Buy Candidate Upgraded
Predicted Opening Price for Petrotal Corp of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $0.591 ( 0.225%) | $0.592 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTALF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.611 | 3.15 % | |
| R2 | 0.603 | 1.86 % | ||
| R1 | 0.598 | 1.07 % | ||
| Current price: | 0.592 | |||
| Support | S1 | 0.583 | -1.52 % | |
| S2 | 0.578 | -2.31 % | ||
| S3 | 0.571 | -3.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.600 | 1.35 % | |
| R2 | 0.593 | 0.169 % | ||
| R1 | 0.592 | 0.0591 % | ||
| Current price | 0.592 | |||
| Support | S1 | 0.568 | -3.99% | |
| S2 | 0.567 | -4.22% | ||
| S3 | 0.560 | -5.41% |
PTALF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | $0 | 0% |
| 2 | May 30, 2024 | May 30, 2024 | May 30, 2024 | $0 | 0% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0200 | 3.51% |
| 4 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0 | 0% |
| 5 | Aug 30, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.0250 | 4.20% |
FAQ
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